NEW
YORK, Nov. 21, 2022 /PRNewswire/ -- Atento S.A.
(the "Company") (NYSE: ATTO) confirmed that on November 18, 2022, MCI Capital, LC commenced a
tender offer to purchase up to 1,525,000 of the Company's ordinary
shares at a price of $5.00 per share
in cash (the "Tender Offer").
The Board of Directors of the Company is evaluating the Tender
Offer and determining whether it will recommend that stockholders
accept or reject the Tender Offer, or whether it expresses no
opinion and remains neutral toward the Tender Offer. The Company
will notify stockholders of the Board's formal recommendation on or
before December 5, 2022, by filing
with the U.S. Securities and Exchange Commission a
solicitation/recommendation statement on Schedule 14D-9. The
Company's stockholders are advised to take no action at this time
pending the review of the Tender Offer by the Board.
Important Additional Information
This press release does not constitute an offer to buy or
solicitation of an offer to sell any securities. The Company will
file a solicitation/recommendation statement on Schedule 14D-9
relating to the Tender Offer with the U.S. Securities and Exchange
Commission ("SEC"). BEFORE MAKING ANY INVESTMENT DECISION,
INVESTORS ARE URGED TO READ THE SCHEDULE 14D-9 AND ANY OTHER
RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR
ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. These materials will be available at the
Company's Investor Relations website at
https://investors.atento.com/. In addition, all of these materials
(and all other tender offer documents filed with the SEC) will be
available at no charge from the SEC through its website at
www.sec.gov.
About Atento S.A.:
Atento is the largest provider of customer relationship
management and business process outsourcing ("CRM BPO") services in
Latin America and among the top
providers globally. Since 1999, the company has developed its
business model in 14 countries with a workforce of 131,000
employees. Atento has over 400 clients for which it provides a wide
range of CRM/BPO services through multiple channels. Its clients
are leading multinational companies in the technology, digital,
telecommunications, finance, health, consumer and public
administration sectors, amongst others. Atento trades under ATTO on
the New York Stock Exchange. In 2019, Atento was recognized by
Great Place to Work® as one of the 25 World's Best Multinational
Workplaces and as one of the Best Places to Work in Latin America. In 2021, Everest named Atento a
Star Performer, while in 2022 Gartner named the Company a leader in
the Gartner Magic Quadrant for the second consecutive
year.
For additional information about Atento, S.A., please visit
www.atento.com.
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements can be identified by the use of words
such as "may," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "intends," "continue" or
similar terminology. These statements reflect only Atento's current
expectations and are not guarantees of future performance or
results. These statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
contained in the forward-looking statements. In particular, the
COVID-19 pandemic, and governments' extraordinary measures to limit
the spread of the virus, are disrupting the global economy and
Atento's industry, and consequently adversely affecting the
Company's business, results of operation and cash flows and, as
conditions are recent, uncertain and changing rapidly, it is
difficult to predict the full extent of the impact that the
pandemic will have. Risks and uncertainties include, but are not
limited to, competition in Atento's highly competitive industries;
increases in the cost of voice and data services or significant
interruptions in these services; Atento's ability to keep pace with
its clients' needs for rapid technological change and systems
availability; the continued deployment and adoption of emerging
technologies; the loss, financial difficulties or bankruptcy of any
key clients; the effects of global economic trends on the
businesses of Atento's clients; the non-exclusive nature of
Atento's client contracts and the absence of revenue commitments;
security and privacy breaches of the systems Atento uses to protect
personal data; the cost of pending and future litigation; the cost
of defending Atento against intellectual property infringement
claims; extensive regulation affecting many of Atento's businesses;
Atento's ability to protect its proprietary information or
technology; service interruptions to Atento's data and operation
centers; Atento's ability to retain key personnel and attract a
sufficient number of qualified employees; increases in labor costs
and turnover rates; the political, economic and other conditions in
the countries where Atento operates; changes in foreign exchange
rates; Atento's ability to complete future acquisitions and
integrate or achieve the objectives of its recent and future
acquisitions; future impairments of our substantial goodwill,
intangible assets, or other long-lived assets; and Atento's ability
to recover consumer receivables on behalf of its clients. In
addition, Atento is subject to risks related to its level of
indebtedness. Such risks include Atento's ability to generate
sufficient cash to service its indebtedness and fund its other
liquidity needs; Atento's ability to comply with covenants
contained in its debt instruments; the ability to obtain additional
financing; the incurrence of significant additional indebtedness by
Atento and its subsidiaries; and the ability of Atento's lenders to
fulfill their lending commitments. Atento is also subject to other
risk factors described in documents filed by the comp any with the
United States Securities and Exchange Commission.
These forward-looking statements speak only as of the date on
which the statements were made. Atento undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise.
Investor and analyst inquiries
investor_relations@atento.com
Media Relations
press@atento.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/tender-offer---communication-301684490.html
SOURCE Atento S.A.